Trimble Navigation Ltd. (NASDAQ:TRMB) SVP Darryl R. Matthews sold 3,714 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.66, for a total transaction of $143,583.24. Following the sale, the senior vice president now directly owns 2,000 shares in the company, valued at $77,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Trimble Navigation Ltd. (NASDAQ TRMB) opened at 38.87 on Monday. Trimble Navigation Ltd. has a 52-week low of $25.30 and a 52-week high of $39.45. The firm has a market capitalization of $9.84 billion, a P/E ratio of 56.33 and a beta of 2.28. The company’s 50-day moving average is $37.81 and its 200-day moving average is $35.04.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The business had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $643.05 million. During the same period in the previous year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Trimble Navigation Ltd. will post $1.43 EPS for the current year.
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A number of institutional investors have recently modified their holdings of TRMB. BlackRock Inc. grew its position in Trimble Navigation by 6,646.3% during the 1st quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock worth $722,710,000 after purchasing an additional 22,242,969 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in shares of Trimble Navigation by 234.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,624,717 shares of the scientific and technical instruments company’s stock worth $57,954,000 after acquiring an additional 1,139,589 shares during the period. Vanguard Group Inc. lifted its stake in shares of Trimble Navigation by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 20,464,940 shares of the scientific and technical instruments company’s stock worth $655,082,000 after acquiring an additional 879,694 shares during the period. Capital International Investors lifted its stake in shares of Trimble Navigation by 8.6% in the 2nd quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock worth $286,417,000 after acquiring an additional 639,190 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Trimble Navigation by 405.7% in the 2nd quarter. Renaissance Technologies LLC now owns 633,844 shares of the scientific and technical instruments company’s stock worth $22,609,000 after acquiring an additional 508,500 shares during the period. 90.06% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on TRMB shares. Zacks Investment Research lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Piper Jaffray Companies set a $43.00 price objective on shares of Trimble Navigation and gave the company a “buy” rating in a report on Friday, August 25th. BidaskClub lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $41.00 price objective (up from $39.00) on shares of Trimble Navigation in a report on Friday, August 4th. Finally, Craig Hallum reissued a “hold” rating and set a $36.00 price objective (up from $30.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.75.
About Trimble Navigation
Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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